Fidelity MSCI Financials Index ETF
Banks Relying Heavily on Interest-Related Income Suffered
In the third quarter, banks that relied heavily on interest-based income suffered, reporting record-low net interest margins.
US Banks’ Asset Quality Is Improving, Dodd-Frank Act Is Working
3Q15 earnings offered strong signs that the Dodd-Frank Act is working. Banks are focusing on building their balance sheets and enhancing asset quality.
Banks Cut Costs and Improved Efficiency to Remain Profitable
In order to boost profitability in a low–interest rate environment, banks are reducing expenses by restructuring their businesses.